SELUX ISOL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SELUX ISOL
Largest movements
- Cash -€25,591
down €25,591 (-77.9%), from €32,869 to €7,278
mainly Investment in fixed assets (net) (-€25,362) and Trade debts (-€20,225)
- Tangible fixed assets +€16,897
up €16,897 (+106%), from €15,883 to €32,780
of which Furniture and vehicles: +€21,660
- Receivables within one year -€10,736
down €10,736 (-11.2%), from €96,263 to €85,527
of which Trade receivables: -€25,238
- Trade debts -€20,225
down €20,225 (-26.9%), from €75,175 to €54,950
- Reserves +€5,894
up €5,894 (+11.5%), from €51,277 to €57,171
of which Distributable reserves: +€5,894
- Tax, wage and social debts -€4,392
down €4,392 (-48.5%), from €9,054 to €4,662
- Accrued charges and deferred income -€2,000
down €2,000 (-40.0%), from €5,000 to €3,000
- Depreciation +€6,699
up €6,699 (+379%), from €1,766 to €8,465
- Gross operating margin +€3,528
up €3,528 (+25.4%), from €13,905 to €17,432
- Other operating charges -€573
down €573 (-52.2%), from €1,099 to €525
- Financial income -€497
down €497 (-99.9%), from €497 to €1
- Taxes -€385
down €385 (-15.3%), from €2,524 to €2,138
From the 2022 result to the 2023 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,906 | €132,183 | -€20,723 | -13.6% |
| Fixed assets | 21/28 | €21,108 | €38,005 | +€16,897 | +80.1% |
| Tangible fixed assets | 22/27 | €15,883 | €32,780 | +€16,897 | +106% |
| Plant, machinery and equipment | 23 | €15,883 | €11,120 | -€4,763 | -30.0% |
| Furniture and vehicles | 24 | - | €21,660 | +€21,660 | |
| Financial fixed assets | 28 | €5,225 | €5,225 | = | 0.0% |
| Current assets | 29/58 | €131,798 | €94,178 | -€37,621 | -28.5% |
| Amounts receivable within one year | 40/41 | €96,263 | €85,527 | -€10,736 | -11.2% |
| Trade receivables | 40 | €27,073 | €1,835 | -€25,238 | -93.2% |
| Other amounts receivable | 41 | €69,191 | €83,692 | +€14,502 | +21.0% |
| Cash at bank and in hand | 54/58 | €32,869 | €7,278 | -€25,591 | -77.9% |
| Deferred charges and accrued income | 490/1 | €2,666 | €1,373 | -€1,293 | -48.5% |
| Total equity and liabilities | 10/49 | €152,906 | €132,183 | -€20,723 | -13.6% |
| Equity | 10/15 | €63,677 | €69,571 | +€5,894 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,277 | €57,171 | +€5,894 | +11.5% |
| Non-distributable reserves | 130/1 | €1,400 | €1,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,400 | €1,400 | = | 0.0% |
| Distributable reserves | 133 | €49,877 | €55,771 | +€5,894 | +11.8% |
| Amounts payable | 17/49 | €89,229 | €62,612 | -€26,617 | -29.8% |
| Amounts payable within one year | 42/48 | €84,229 | €59,612 | -€24,617 | -29.2% |
| Trade debts | 44 | €75,175 | €54,950 | -€20,225 | -26.9% |
| Suppliers | 440/4 | €75,175 | €54,950 | -€20,225 | -26.9% |
| Taxes, remuneration and social security | 45 | €9,054 | €4,662 | -€4,392 | -48.5% |
| Taxes | 450/3 | €9,054 | €4,662 | -€4,392 | -48.5% |
| Accrued charges and deferred income | 492/3 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,766 | €8,465 | +€6,699 | +379% |
| Other operating charges | 640/8 | €1,099 | €525 | -€573 | -52.2% |
| Non-recurring operating charges | 66A | €2,457 | - | -€2,457 | |
| Gross operating margin | 9900 | €13,905 | €17,432 | +€3,528 | +25.4% |
| Operating profit (loss) | 9901 | €8,583 | €8,442 | -€141 | -1.6% |
| Financial income | 75/76B | €497 | €1 | -€497 | -99.9% |
| Recurring financial income | 75 | €497 | €1 | -€497 | -99.9% |
| Financial charges | 65/66B | €206 | €410 | +€204 | +98.9% |
| Recurring financial charges | 65 | €206 | €410 | +€204 | +98.9% |
| Profit (loss) for the period before taxes | 9903 | €8,873 | €8,032 | -€841 | -9.5% |
| Income taxes | 67/77 | €2,524 | €2,138 | -€385 | -15.3% |
| Profit (loss) for the period | 9904 | €6,350 | €5,894 | -€456 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,350 | €5,894 | -€456 | -7.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.